Today: Today, Endurance Specialty Holdings Ltd. (ENH) Given Average Recommendation of “Hold” from Brokerages

Today, Endurance Specialty Holdings Ltd. (ENH) Given Average Recommendation of “Hold” from Brokerages

Endurance Specialty Holdings Ltd. (NYSE:ENH) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm. Six investment analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $93.00.

ENH has been the subject of a number of research reports. Keefe, Bruyette & Woods set a $80.00 price objective on Endurance Specialty Holdings and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded Endurance Specialty Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th. Janney Montgomery Scott downgraded Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, October 11th. Langen Mcalenn downgraded Endurance Specialty Holdings from a “buy” rating to a “neutral” rating in a report on Tuesday, October 11th. Finally, Macquarie downgraded Endurance Specialty Holdings from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 19th.

Shares of Endurance Specialty Holdings (NYSE:ENH) opened at 92.36 on Wednesday. Endurance Specialty Holdings has a 1-year low of $57.97 and a 1-year high of $92.50. The stock’s 50 day moving average price is $92.03 and its 200-day moving average price is $73.26. The company has a market capitalization of $6.24 billion, a PE ratio of 15.38 and a beta of 0.55.

Endurance Specialty Holdings (NYSE:ENH) last posted its quarterly earnings data on Friday, November 4th. The company reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by $0.19. The firm earned $610.16 million during the quarter, compared to the consensus estimate of $422.30 million. Endurance Specialty Holdings had a return on equity of 7.10% and a net margin of 17.54%. Endurance Specialty Holdings’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.80 EPS. On average, equities analysts predict that Endurance Specialty Holdings will post $5.10 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 14th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Monday, December 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.65%. Endurance Specialty Holdings’s dividend payout ratio is currently 25.33%.

Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. bought a new stake in Endurance Specialty Holdings during the second quarter worth approximately $105,000. State of Alaska Department of Revenue bought a new stake in Endurance Specialty Holdings during the second quarter worth approximately $120,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Endurance Specialty Holdings by 13.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,953 shares of the company’s stock worth $128,000 after buying an additional 228 shares in the last quarter. First Manhattan Co. bought a new stake in Endurance Specialty Holdings during the second quarter worth approximately $136,000. Finally, Crow Point Partners LLC bought a new stake in Endurance Specialty Holdings during the third quarter worth approximately $174,000. 84.95% of the stock is currently owned by hedge funds and other institutional investors.

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